A $550,000 capital investment proposal has an estimated life of 4 years and no residual value. The estimated net cash flows are as follows: Year 1 2 Net Cash Flow $300,000 280,000 208,000 180,000 3 4 The minimum desired rate of return for net present value analysis is 12%. The factors for the present value of s1 at compound interest of 12% for 1, 2, 3, and 4 years are 0.893, 0.797, 0.712, and 0.636, respectively, Determine the net present value